Chevening Estate Act 1959

VI. Trusts of the Chevening Trust Fund U.K.

20 U.K. . . . F1

Textual Amendments

F1 Clause 20 repealed by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 6(e)

21 U.K. [F2 The Board shall pay and apply the income of the Chevening Trust Fund for such one or more of the following purposes and in such manner as it thinks fit that is to say—]

(i) In payment . . . F3 of rates and other necessary outgoings and expenses

(ii) In payment of the board and remuneration of any persons employed in any capacity pursuant to the powers conferred by Clause 19 hereof

(iii) In the upkeep repair maintenance and insurance of Chevening House and other buildings and the gardens pleasure grounds and other lands comprised in the Chevening Estate

(iv) In the maintenance insurance valuation renovation and repair of the Contents or any part hereof and the purchase where deemed necessary of new or additional furnishings for Chevening House

(v) In payment of any expenses of the [F4 Board][F5 (or of members of the Board)]

(vi) In payment to the Nominated Person of such sums in respect of expenses incurred by him in connection with his occupation of Chevening House (not being more than One hundred pounds for any one month) as the [F4 Board]shall from time to time think fit

(vii) In any other manner authorised by law for the application of the income of trust property

(viii) If from time to time there is any income of the Chevening Trust Fund which in the opinion of the [F4 Board]is not required to meet the payments hereinbefore in this paragraph mentioned or to be set aside for making future payments thereunder the [F4 Board]shall direct that income to be added to the capital of the Chevening Trust Fund and it shall be . . . F6 held as part of that fund accordingly.

Textual Amendments

F2 Words substituted by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(a)

F3 Words repealed by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(b)

F4 Word substituted by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(1)

F5 Words added by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(c)

F6 Words repealed by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(d)